On Friday, HollySys Automation Technologies, Ltd. (NASDAQ:HOLI)’s shares gained 3.08% to $23.75, while its weekly performance remained better, showing an upward trend up to 16.94%.
Formerly on March 24, HollySys Automation declared that it has won a contract to provide its proprietary Distributed Control Systemf or 2×1000MW ultra-supercritical thermal power generating units to Datang Sanmenxia Power Plant. The units are predictable to be placed into operation around September 2016.
The 2×1000MW ultra-supercritical thermal power generating units of Datang Sanmenxia Power Plant is a key project in Henan Province, which is funded and constructed by China Datang Corporation. In this project, Hollysys’ DCS will control more than 25,000 points and the ProfiBus will control over 4,500 distributed devices for the two GW level generating units. In addition, the HAMS (HolliAS Asset Administration System) perform as a central platform which is easy to integrate with other systems such as SIS, ERP, and MES.
Hollysys’ administration commented: “We feel honored and pleasant of this contract win, which reflects the customer’s recognition of our leading technology, superior solution, and high quality products and service. This is another GW level ultra-supercritical power plant DCS contract win by Hollysys, which strengthened our high-end market position. Going forward, we will continue to penetrate the high-end market of power industry and other industries, strengthen customer service, expand market share horizontally and total solution supply vertically, promote our long term DCS business growth, and create value for our customers and shareholders.”
Hollysys Automation Technologies Ltd. provides automation and control technologies and products to customers in industrial, railway, subway, nuclear power, building retrofit, and mechanical and electronic industries primarily in the Peoples Republic China, Hong Kong, Southeast Asia, and the Middle East.
McDermott International Inc. (NYSE:MDR)’s shares gained 2.74% to $4.88, during the last trading session on Friday, while its weekly performance remained better, showing an upward trend up to 16.75%.
This week, McDermott International, declared that the consortium between McDermott and a consortium partner has been awarded the SURF engineering, product supply and installation scope for the Atlanta Early Production System (EPS) in the Santos Basin offshore Brazil by Brazilian exploration and production company Queiroz Galvão Exploração e Produção S.A. (QGEP).
McDermott engineering and installation proceed from the large, green field project will be comprised of in backlog for the first quarter of 2015. The project is predictable to be accomplished by the end of the second quarter of 2016.
The Atlanta EPS is phase 1 of the Atlanta field development, located in 5,085 feet of water in Brazil Block BS-4 of the Santos Basin southeast of Rio de Janeiro. QGEP recently declared that it anticipates to produce its first oil from the offshore Atlanta field in the first half of 2016.
McDermott will be responsible for the engineering and offshore installation of all subsea hardware, counting flexible pipes, umbilicals, umbilical termination assemblies, subsea pump skids, suction piles, and associated equipment. McDermott’s installation vessel NO102 will conduct on-site work as soon as QGEP’s floating production, storage and offloading (FPSO) unit is accessible, providing the client with first oil at an accelerated pace, according to Dickson.
McDermott’s consortium partner will be responsible for the supply of all flexible risers, flowlines and associated equipment.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.
At the end of Friday’s trade, E-House (China) Holdings Limited (NYSE:EJ)’s shares gained 0.32% to $6.32, while its weekly performance remained better, showing an upward trend up to 16.18%.
This week, E-House declared that it has reached a definitive contract with Jupai Holdings Limited, a leading third-party wealth administration service provider in China, regarding the projected transfer of E-House Capital, the asset administration business unit of E-House focusing on the design and administration of real estate or related investment projects and funds, to Jupai. E-House, through E-House (China) Capital Investment Administration Limited (“E-House Investment”), a wholly owned partner of E-House, presently owns about 33% of the total issued and outstanding shares of Jupai.
The asset administration business of E-House Capital is presently operated by Scepter Pacific Limited, a company incorporated in the British Virgin Islands, and its auxiliaries and merged entities. E-House, through E-House Investment, owns 51% of Scepter Pacific, while Reckon Capital Limited, a company incorporated in the British Virgin Islands, owns the remaining 49%. Reckon Capital is majority owned by Mr. Xin Zhou, who is the chief executive officer and co-chairman of E-House. Under the Definitive Contract, E-House Investment and Reckon Capital will transfer all of their respective equity interests in Scepter Pacific in exchange for Jupai’s issuance, on a pro rata basis, to E-House Investment and Reckon Capital an aggregate number of Jupai’s ordinary shares equal to 20% of Jupai’s total post-issuance equity interest on a fully diluted basis (without giving effect to shares issued in the projected initial public offering of Jupai) upon completion of a projected initial public offering of Jupai and listing of Jupai’s American depositary shares representing its ordinary shares on a major stock exchange in the U.S.. The closing of the Transaction is conditional upon the closing of the Projected IPO and certain other customary closing conditions. Right away upon the closing of the Transaction and the Projected IPO, E-House will become the largest shareholder of Jupai with an about 37% equity interest in Jupai (without giving effect to the shares issued in the Projected IPO).
E-House (China) Holdings Limited, through its auxiliaries, operates as a real estate services company primarily in the Peoples Republic of China. It operates through Real Estate Online Services, Real Estate Brokerage Services, Real Estate Information and Consulting Services, and Other Services segments.
Dot Hill Systems Corp. (NASDAQ:HILL), ended its Friday’s trading session with 4.79% gain, and closed at $6.13, hitting its highest level, while its weekly performance remained better, showing an upward trend up to 16.10%.
This week, Dot Hill unveiled its patented RealStream(TM) software which triples data ingest throughput while handling more than 5000 parallel data streams for heavy-duty Internet traffic workloads.
Layered on top of Dot Hill’s next-generation RealStor(TM) operating system, RealStream is accessible now in Dot Hill’s new AssuredSAN(R)6004 arrays. RealStream software benefits “always-on” bandwidth-intensive applications across a variety of streaming market segments by managing many simultaneous ingest streams with autonomic, real-time and predictive load balancing. Applications that generate this type of workload will become more ordinary therefore increasing demand for storage arrays that can provide predictive intelligence to prevent crippling data stream traffic jams.
Industry experts project up to 25 billion devices will be connected to the Internet by 2020. IoT is widely predictable to generate massive amounts of data from a variety of sensors embedded in “things” such as appliances and smart devices connected to the Internet. The aggregation and analysis of this data will create new applications and storage requirements to process large numbers of data streams in parallel.
Dot Hill Systems Corp. designs, manufactures, and markets a range of software and hardware storage systems for the entry and mid-range storage markets worldwide. Its storage solutions comprise of integrated hardware, firmware, and software products employing a modular system that allows end-users to add various protocol, performance, capacity, or data protection schemes.
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